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Info Edge (India) Limited announces Q3 results

Operating margins are up in an increasingly improving environment

Quarter Ended on Dec 31, 2009

Operating PAT increased by 25.42% at 107.52 million over the corresponding quarter in FY2008-09

Operating EBITDA increased by 20% at 179.42 million over the corresponding quarter in FY2008-09

Total Income in Q3 of FY 09-10 at 660.59 mn, a 5.87% drop over the corresponding quarter in FY 08-09. Other income71.84 mn, which is 36% lower compared to the corresponding quarter last year.
EBITDA is at 251. 26mn compared to 261.98mn being 4% lower as compared to the corresponding quarter in FY 08-09.

New Delhi, Jan 29, 2010: Info Edge (India) Limited today announced results for the quarter ended on Dec 31, 2009. The company reported a PAT of Rs.156.45 mn compared to 172.12 mn for the corresponding quarter in FY08-09. Info Edge recorded a Total Income of Rs 660.59mn compared to Rs 701.76 mn in the corresponding quarter last year. The drop in other income(due to one-off elements last year) has contributed to the drop in total PAT.

Commenting on the results, Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited said, “ The environment continues to improve which should lead to top line and bottom line expansion in subsequent quarters.”

99 acres continued to be in investment mode during the quarter however, the losses reduced. Other verticals apart from Naukri.com and Quadrangle (including 99acres.com, Jeevansathi.com) incurred an EBITDA loss of 38.12 mn as compared to 49.44 mn for the same quarter last year. Jeevansathi.com and Shiksha.com has achieved a growth in Revenues at 13.6% and 92% respectively.

Total Expense including Interest & Depreciation decreased by 7.35% to Rs 424.11mn compared to the corresponding quarter in FY 08-09.

About Info Edge (India) Ltd

Info Edge (India) Ltd (NSE: NAUKRI) is one of the largest internet company in India. Info Edge owns and manages Naukri.com - India’s no. 1 job site, Jeevansathi.com – India’s fastest growing matrimonial portal, 99acres.com - India’s No.1 real estate portal, Shiksha.com - an education portal, Quadrangle – an offline executive search firm, and Naukri Gulf – its foray into the Middle East market. Info Edge also owns Asknaukri.com, a career guidance site and Brijj.com, a professional networking site and Allcheckdeals.com, an online brokerage firm.

Info Edge has ventured into newer businesses and territories and attracted investments from leading venture capitalists. Formerly an ICICI Ventures investee company, Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures have also invested in the Company.  Info Edge raised Rs. 1,703 million through an IPO in the month of November 2006. The company has attracted a very high quality list of institutional shareholders and had a total of 10,664 shareholders on Sep 30, 2009
With its headquarters in Noida (NCR), the company employs over 1450 people and operates through 53 offices in 34 cities in India and overseas offices in Dubai Riyadh and Bahrain catering to the Middle East market.

Media contacts: Sampark Public Relations Pvt. Ltd., 36, LGF, Hemkunt Colony, New Delhi 110 048 E- Mail - harsh@sampark.com / harshsinha.pr@gmail.com, Mobile- +91-9971855115 | Phone. – +91-11-41731526/27/26210336, Fax: +91-11-41731528

Add commentJanuary 29th, 2010

News about New Delhi Television Limited

The media had reports that New Delhi Television Limited is in talks with NBC Universal to sell between 25 and 30 percent in its UK based subsidiary NDTV Networks Plc.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

New Delhi Television Limited has vide its letter inter-alia stated,”The Company is at any given point in time involved in talks as part of a constant exploration of possible alliances with prospective partners. The Company does not have any existing contract with any person in respect of the subject matter of the news report referred to in the media.”

Add commentJanuary 10th, 2008

News about Videocon Industries Limited

The media had reports that Videocon Industries Limited may spin off its myriad energy business into a separate company.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Videocon Industries Limited has vide its letter inter-alia stated,”In this connection, we wish to clarify that in line with the recent amendments to the main object clause of Memorandum of Association of the Company; the Company proposes to adopt a structure for pursuing the new activities by creating activity wise verticals. It is proposed to have separate verticals for different lines of activities such as thermal, power, oil & gas, mining of natural resources including coal & renewable energy including solar energy. Further, though a strategic decision has been taken at the group level to compile all the current and proposed business interests of the Videocon group in power, oil and gas, coal, renewable energy in one or more SPVs wholly owned by Videocon Industries limited (VIL), the corporate action if required at VIL level such as demerger etc will be initiated and put through only in compliance with all the regulatory and statutory provisions and requirements.”

Add commentDecember 14th, 2007

Market-wide Position Limit in BONGAIREFN & ADLABSFILM

The derivative contracts in the underlying BONGAIREFN & ADLABSFILM have crossed 95% of the market-wide position limit on December 10, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  BONGAIREFN & ADLABSFILM  by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentDecember 11th, 2007

News about B.A.G Films and Media Limited

The media had reports that B.A.G Films and Media Limited may sell 26 percent stake in Big Glamour to Star TV.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

B.A.G Films and Media Limited has vide its letter inter-alia stated,”The Company has not sold any stake of B.A.G Glamour to Star T.V. Further, the funds through FCCB’s are to be raised in the Company and not in B.A.G Glamour Pvt. Limited as is quoted in the media.”

Add commentNovember 30th, 2007